If you want to find the best Life insurance Colonial review, you’re looking for a company that provides clear pricing and a high level of customer service. According to reviews on Trustpilot and Quora, Colonial Penn falls short in those areas. Policy holders and their beneficiaries report long waiting periods to receive claims, which can be a financial burden during a difficult time. In addition, Colonial Penn’s policy coverage amounts are comparatively low, making them less attractive to many customers.
Despite these complaints, Life insurance Colonial review gets good marks from A.M. Best for financial strength, which means it’s a trustworthy and reliable insurer. It also offers a convenient online experience for policy management, including the ability to view coverage amounts, change beneficiaries or loan information, and make payments.
Affordable Life Insurance with Gerber: Is It Worth It?
If you’re in search of a modest policy that can help cover funeral costs or other final expenses, Life insurance Colonial may be worth considering. Its $9.95 plan offers a simple way to get coverage without undergoing a medical exam, and it’s available in most states.
However, this policy only pays out if the insured dies from natural causes within two years of buying the policy. If the deceased dies from non-natural causes during that period, the benefits will be reduced by a certain percentage. This is typical of most final expense policies, but it’s important to know this stipulation before purchasing. You can learn more about this and other policies by comparing quotes from different companies.